Kingswood Holdings Limited (LSE:KWG) rallied 15% to 30.5p after confirming it is considering the sale of its UK operations.
The investment and wealth management group was responding to recent media speculation that it engaged Houlihan Lokey (NYSE:HLI) as its financial adviser to explore strategic options.
Options include but are not limited to a potential sale or third-party investment into its UK business operations, a statement said.